Tag Archives | financial weapons of mass destruction

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Anger takes centre stage at bankers’ $65bn bonuses

Iceland, “the first country to be run like a hedge fund“, was the original warning sign of the current financial crisis. Today’s chaos in the country, following its rejection of the €4bn bank compensation deal agreed with the UK and The Netherlands, may similarly prove to be the fore-runner of the next stage in the […]

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Chemical company CEOs need to act on high oil prices

Pity your poor Purchasing Director this week. They know the West is having a cold winter, but they have done their analysis and can show you slides, such as the one above from Petromatrix, that indicate the US has the highest stocks of distillates since 1999. In addition, the world has 75mb of distillate in […]

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Anger replaces Denial, as financial crisis evolves

Human beings go through a number of stages when confronted by major change. As first described by Elisabeth Kübler Ross, the process starts with: • Denial that any change is taking place • Then anger at the implications of the change • Bargaining to reduce its magnitude • Depression as reality begins to be confronted […]

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Northern Rock – subprime contagion spreads

When the US subprime crisis began, we were assured by the ‘experts’ that it was only a small problem, involving a minor segment of an otherwise robust market. However, the more one read about the situation, the more untenable this view seemed to be. Equally, we were told by other ‘experts’ that there was no […]

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